City lawyers under fire from FSA

The Financial Services Authority (FSA) has launched a criminal insider dealing prosecution against two senior City lawyers. Andrew Rimmington, a corporate partner in D&W’s London office, and Michael McFall, a former London corporate partner at McDermott Will & Emery, have been accused of insider dealing.

The case relates to Swiss pharmaceuticals group Novartis’ 2006 takeover of Neutec Pharma. It is understood that a finance director at Neutec Pharma, is also being prosecuted. They will appear at City of Westminster Magistrates Court next month.